Snapchat is less-than four years old and known to many as the place for "sexting" and other illicit behavior so $15 billion may seem totally outrageous. But look beneath the surface and there's a method to the valuation madness.

The single currency hit its lowest level vs. the dollar in 12 years. That's great news for Americans looking to take vacation across the pond but raises all kinds of issues for investors and Fed chairs alike.

According the Labor Department, unemployment in February of this year was just 2.7% for those holding a college degree in the month of February. For those with nothing more than a high school degree? 5.4%. And for those who don’t even have a high school diploma, unemployment is 8.4%.